UPDATE 5/5/22 @ 7:30 AM EST: Maybe a false alarm? This morning the percentage premium has declined back to “normal” levels. Liberty Coin came in with coins in quantities over 10 and the physical premium is at 6.91%.
UPDATE 5/5/22 @ 2:00 PM EST: The physical gold premium is back up to 7.84%.
It might not sound like much of premium when it comes to physical gold but I think it is noteworthy for five reasons:
- The physical premium has not been consistently in the 7% range since December of 2021.
- For most of 2022 the physical premium meandered between 6-7%.
- This high 7% physical premium which began on 5/3/22 continues into 5/4/22.
- The spread between the lowest and second lowest cost dealer on Ebay has exploded to almost 2%.
5. The physical gold/silver ratio has remained steady in the mid 50’s area while the spot gold/silver ratio has jumped above 80. You can really see the change when you look at the following chart. Note the upward slope of the Spot vs. Physical spread.
Did The System Collapse? 